Yext Target of Unusually High Options Trading (NYSE:YEXT)


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Yext, Inc. (NYSE:YEXT) was the recipient of unusually large options trading on Tuesday. Stock investors bought 9,316 call options on the stock. This is an increase of approximately 781% compared to the typical volume of 1,058 call options.

In related news, COO Brian Distelburger sold 10,000 shares of Yext stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $15.05, for a total transaction of $150,500.00. Following the sale, the chief operating officer now directly owns 3,146,921 shares in the company, valued at approximately $47,361,161.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Ho Shin sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 19th. The shares were sold at an average price of $14.13, for a total transaction of $42,390.00. Following the completion of the transaction, the general counsel now owns 25,326 shares of the company’s stock, valued at $357,856.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 557,342 shares of company stock valued at $9,910,237. Insiders own 14.20% of the company’s stock.

A number of large investors have recently modified their holdings of YEXT. Banque Cantonale Vaudoise grew its stake in shares of Yext by 185.7% in the 4th quarter. Banque Cantonale Vaudoise now owns 2,000 shares of the company’s stock worth $31,000 after acquiring an additional 1,300 shares in the last quarter. Reby Advisors LLC bought a new stake in Yext in the 4th quarter worth about $31,000. Aperio Group LLC purchased a new stake in Yext in the 4th quarter valued at about $190,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Yext during the 4th quarter worth approximately $190,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Yext in the 4th quarter worth approximately $191,000. Institutional investors and hedge funds own 70.61% of the company’s stock.

Shares of NYSE:YEXT traded down $0.46 during midday trading on Tuesday, hitting $13.17. 48,432 shares of the company’s stock were exchanged, compared to its average volume of 987,284. Yext has a 12 month low of $11.67 and a 12 month high of $20.90. The company has a market cap of $1.66 billion, a PE ratio of -11.92 and a beta of 1.68. The stock has a 50 day moving average price of $14.67 and a 200-day moving average price of $16.60.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, March 3rd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The company had revenue of $92.19 million during the quarter, compared to analysts’ expectations of $89.10 million. Yext had a negative return on equity of 63.74% and a negative net margin of 38.54%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the company earned ($0.12) earnings per share. Analysts expect that Yext will post -0.89 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Needham & Company LLC lifted their price objective on Yext from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, March 24th. Morgan Stanley decreased their price target on Yext from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, March 10th. Zacks Investment Research raised Yext from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, March 9th. William Blair reaffirmed a “market perform” rating on shares of Yext in a research report on Wednesday, March 10th. Finally, Truist reduced their price target on shares of Yext from $23.00 to $17.00 in a report on Thursday, March 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Yext presently has an average rating of “Buy” and a consensus target price of $18.95.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews through its Knowledge Network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories and social networks.

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